Public Spending Policies in Latin America and the Caribbean: When Cyclicality Meets Rigidities

This report highlights structural differences in public spending policies between emerging markets and industrialized nations. Emerging markets commit to long-term (rigid) spending based on short-term (cyclical) economic conditions, causing challenges in addressing fiscal imbalances and prompting changes in public spending composition.

Binding Type: Paperback
Publisher: World Bank Publications
Published: 08/30/2024
ISBN: 9781464820694
Pages: 120
Weight: 0.52lbs
Size: 9.00h x 6.00w x 0.32d